24598 Sybil Avenue, Hayward, CA 94542

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List Price
$3,750,000
Price Change
▼ $245,000 1787117967
Status
ACTIVE
MLS#
ML82037930
Year Built
1961
Lot Size
33,100
Acres
0.76
Lot Location
Level
Days on Market
202
Property Type
Commercial

Property Description

Prime Investment Opportunity, 14-Unit Apartment Complex Near Cal State East Bay, in the heart of downtown Hayward. The property highlights include, 14 Total Units, all 2 Bed / 1 Bath, ideal for long-term tenants and student housing, all Separately Metered for Electric & Gas. On site two coin-operated laundry facilities, plentiful on-site parking, shared backyard amenities with a courtyard & BBQ area. The buildings' exteriors were recently painted. Convenient location, just 1 mile from Cal State University East Bay, 1 mile to Downtown Hayward, easy access to shopping, dining, parks, BART Station, and public transit. Close to Hwy 92, I-880, I-580, San Mateo Bridge, and Dumbarton Bridge. Employment and economic drivers nearby include Cal State University East Bay, Hayward Unified School District, Chabot College, St. Rose Hospital, Alameda County, Illumina, Impax Laboratories, Pentagon Technologies, Plastikon Industries, Ultra Clean Technology, Kaiser Permanente. Redevelopment Potential with it being located within the Mission Blvd Corridor Neighborhood (MBCN) Specific Plan Area, this property offers mixed-use possibilities and potential to double the number of units under current zoning. Investors and developers will appreciate the upside potential in a rapidly growing corridor.

Additional Information

Taxes
$48,921
Heat
Wall Furnace
Cooling
Yes
Cooling Description
None
Roof
Bitumen, Composition
Water
Public
School District
Other
Attached Structure
Detached
Number Of Units Total
14
Gross Scheduled Income
$328,259

Listing courtesy of Listing Agent: Matt Aragoni (matt.aragoni@cbrealty.com) from Listing Office: Coldwell Banker Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.